if i wanted to make a payment on a student loan that hasnt billed me yet, would i have to pay it every month?

Answer 1

they are right, you dont have to pay them until you are done school. if you skip a semester or so, you may have to (depends upon the loan).

heres how you check the status of your loan (if its gov). you will need the pin number they sent you to access the info. if you forgot or lost it, just apply for a new pin number (link below).

STATUS of your student gov loan or aid:
http://www.nslds.ed.gov/nslds_SA/

if you don’t have a PIN yet (for your loan / aid status) apply for one:
http://www.pin.ed.gov/PINWebApp/pinindex.jsp

.

Answer 2

Generally, student loans are such that you don't have to pay interest till you get out of school; check the fine print of the loan first, but I would GUESS that you wouldn't.

Check the details of the loan first <<<


*edit*

you could always save/invest the money you'd want to pay the loan off with at first, so that when you get out of school the money would have collected interest, while the loan would have not.

In other words, paying later will be better if you are still in school if you invest that money.

Answer 3

well for a student loan they don't bill you until after you graduate or if you have i believe a 6month grace period and if they do start billing you then you can just get an enrollment certification at the registration office where you attend school stating that you are still in school. But if you do want to make payments you are welcomed to but you would need to contact your lender. hope it helps.

Answer 4

To my knowledge, no, but check with the lender.

Technically you won't be billed for the loan until 6 months after you graduate or drop below part-time status.

If your loan is unsubsidized you have the option to defer paying your interest until you graduate or drop below part-time status; otherwise you have to pay the interest while in school.

If your loan is subsidized; meaning the government will pay your interests for you while in school I don't think it should be a problem.

But read your promissory note. Details for pre-payment should be outlined for you.

Answer 5

If you are not able to make the payments every month, don't start. they will call you constantly if you miss a payment. Wait until you have a job and can pay every month.